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Mar 26, 2013
03/13
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beckham last year believe they had a $37 million deficit in the city of 166 million. sitting thereaying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that legally there's nothing we can do because our contract says are obligated to pay us so that we compare pensioners. rri: thank you for coming on. appreciate your time. we will continu to paula. i hope you will come back. >> i would love to. thank you. gerri: are you underestimating your retirement needs to make the president of charles robb joins me next with a startling report. post with the big retirement planning mistakes that we're all making. stay with us. ♪ gerri: confident that your lden years? your survey finds that may not and think of your early years in retirement will be
beckham last year believe they had a $37 million deficit in the city of 166 million. sitting thereaying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that...
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Mar 25, 2013
03/13
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our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an
our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then...
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Mar 18, 2013
03/13
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and 2012 told msnbc taking care of the deficit being the first order of business, this week, or last week, he said no and you're not going to get a balanced budget for the the sake of balance and sustainable for the next ten years. i think he's clearly moving the goal post, a watch dog press would be all over this, but seem to be ignoring this. you should see the e-mails, our viewers are all over it. rich, thank you. tax the rich not playing well overseas or at home for that matter. listen to this. >> in france, the approval rating of the socialist president hollande has plummeted to a mere 31%. remember, hollande came to office proposing a huge tax on the rich. here, bill maher of all people are turning against high taxes. yes, bill maher. complaining about how high his taxes are, would you know it. the man who gave a million to reelect the president now says it's outrageous, you'll hear exactly what he said at the top of the hour. and e-mail us, please, debt, bill maher, price of gold, whatever is on your mind. tell us what it is. varney@foxbusiness.com. seven early movers in a dow
and 2012 told msnbc taking care of the deficit being the first order of business, this week, or last week, he said no and you're not going to get a balanced budget for the the sake of balance and sustainable for the next ten years. i think he's clearly moving the goal post, a watch dog press would be all over this, but seem to be ignoring this. you should see the e-mails, our viewers are all over it. rich, thank you. tax the rich not playing well overseas or at home for that matter. listen to...
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Mar 26, 2013
03/13
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which i think are much more prevalent today in zero interest rate environment with record debts, record deficits, record policy intervention, currency devaluation. japan says it will have a 2%, 2% target for inflation. the currency deappreciates 15% in three weeks. david: the problem you do have carrying charges. you can't keep these things in your pocket. so there is that to add into it as well. steven feldman, founder and partner gbi. >> thanks very much. david: you may have heard of the new medical device tax in obamacare but did you know it may affect the medical apps docs use on their mobile devices? could that have a negative effect on one of the most innovative new elements of health care? not many saw this coming but our next guest did and he is fighting it tooth and nail. liz: the headline numbers seem to paint a pretty picture with many saying the housing market is back but is wall street optimism felt with businesses related to the housing industry on main street? we're talking with three business leaders who are knee deep in the industry. they will paint us a real picture of the hous
which i think are much more prevalent today in zero interest rate environment with record debts, record deficits, record policy intervention, currency devaluation. japan says it will have a 2%, 2% target for inflation. the currency deappreciates 15% in three weeks. david: the problem you do have carrying charges. you can't keep these things in your pocket. so there is that to add into it as well. steven feldman, founder and partner gbi. >> thanks very much. david: you may have heard of...
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Mar 19, 2013
03/13
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the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform plans. they are uncertain and they are nervous. dagen: $17 trillion debt, the average american is not having the impact on the lives. >> i am disagreeing. the democrats overplayed their hand with fear. we have tepid economic growth. we are not seeing the revitalization of the economy on main street. connell: regular people -- >> so-called great rotation into stocks from bonds has not really happened to the degree people expected. a lot of ordinary people who were heavily invested in mutual funds have not come back. connell: doug, thank you. dagen: watch out for rising interest rates. that will be pain t
the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform...
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Mar 26, 2013
03/13
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stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already been taxed. and the idea that they can go this weekend, i've got 2 grand in the bank and on monday morning, maybe it's 1600, that's scaring people because something like that, that scenario, could that play out? >> well, europe has said it couldn't happen and now it says it can happen and is happening and it's suggested that it could happen in the future. people have to understand that when the economies break down, anything can happen to their money and their money is not totally safe. it doesn't matter where you are, if countries go broke, your money is not safe and america is heading towards going broke
stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already...
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Mar 26, 2013
03/13
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current account figures due out tomorrow might show the largest current account deficit in the u.k. on record. in japan the central bank is actively weakening the currency with more printing. >> if the dollar is getting stronger could i in a simple way, make money, look at oil as investment? yet oil is going up. yet i think it should be going down if oil is stronger. >> commodities respond to other factors. risk sentiment is one as well. what we've seen in the u.s., stocks are elevated. dow made record highs. s&p is climbing toward that level. generally when stocks in general are doing better you see commodities move higher as well. that is why that relationship with oil is seeing oil strengthen a bit. adam: on monday when we had the relief rally in europe before the comments from the one finance minister who the others said, shut up. we'll essentially use this bailout formula in the future should we need to do that we also saw the euro strengthening. it was a buck 30 to the dollar but then it fell. you're saying it will continue falling. how much further could it go? >> well initia
current account figures due out tomorrow might show the largest current account deficit in the u.k. on record. in japan the central bank is actively weakening the currency with more printing. >> if the dollar is getting stronger could i in a simple way, make money, look at oil as investment? yet oil is going up. yet i think it should be going down if oil is stronger. >> commodities respond to other factors. risk sentiment is one as well. what we've seen in the u.s., stocks are...
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Mar 20, 2013
03/13
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dagen: it will be a while, but the good news is the budget deficit is actually declining. suggesting a decline for the next three years, so there's a little bit of time in washington to get it right. it is not as imminent, you have not done sequestration, but it is still the fed, all about the fed. what the market will be focused on is not so much when they will raise rates because that is forever into the future, but will they be skimming back the 85 billion in purchases? i don't think there will be any sign that will happen. i think it is helping the economy. connell: you agree with the policy? >> i agree with the policy, but what is propping up the stock market is the better economy. and i cannot attribute that alter the fed. a lot of people don't think the fed is doing very effective, think it works a little, but housing is coming back certain the fed is helping that, jobs, business investment more than just the fed, that is a general improvement in the overall economy, there's no question the fed kept at it. but there is more to it than just the fed. connell: good eno
dagen: it will be a while, but the good news is the budget deficit is actually declining. suggesting a decline for the next three years, so there's a little bit of time in washington to get it right. it is not as imminent, you have not done sequestration, but it is still the fed, all about the fed. what the market will be focused on is not so much when they will raise rates because that is forever into the future, but will they be skimming back the 85 billion in purchases? i don't think there...
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Mar 18, 2013
03/13
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six questions, not a single positive suggestion for how to get on top of the deficit. not a single suggestion for how to deal with the massive welfare. not a single suggestion for how to improve standards in our schools. but mr. speaker, i do know what he has been doing over these last months. because i have been -- >> order. this answer must be heard. >> i have here a copy of his diary and i know what he has been up to. these are the dinners that he has held to raise money from the trade unions in the last few weeks. as door, asgnb, left, they you emma 2.7 million pounds. dinosaur after dinosaur, dinner after dinner, they pay the money. they get the politics, but the country will end up paying the price. thank you, mr. speaker. it is national apprenticeship week. businesses are now offering apprentices. we are becoming an official apprenticeship hub. will the prime minister join me in praising all the businesses taking up apprenticeship? all the great young people that will see a positive future for our great nation? >> i will certainly join my honorable friend on wha
six questions, not a single positive suggestion for how to get on top of the deficit. not a single suggestion for how to deal with the massive welfare. not a single suggestion for how to improve standards in our schools. but mr. speaker, i do know what he has been doing over these last months. because i have been -- >> order. this answer must be heard. >> i have here a copy of his diary and i know what he has been up to. these are the dinners that he has held to raise money from the...
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Mar 25, 2013
03/13
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he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15 inches of snow. it is as far west as parts of indiana. the highest snowfall totals should be a foot of snow. we do have winter storm warnings in effect. it is because of the wind and snowfall amounts. we actually have been seeing some delays. they are about an hour or so. you could see four-6 inches of snow out here. the central appellations and most of these warnings should expire by tomorrow. that is what we think the storm system will pull out of the northeast leaving behind some quieter conditions. connell: that sounds, well, all right. dagen: tom kloza is coming up with
he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15...
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Mar 18, 2013
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where is the argument on the deficit? he has got nothing to say about the deficit. where are his plans for getting the economy moving? he has got nothing to say. that is what is happening under his leadership, absolutely nothing apart from debt, debt, and more debt. >> ed miliband. >> mr. speaker, and hene. a government that is absolutely hopeless, and today's exchanges have shown it. a week out from the budget, they have an economic policy that is failing, a prime minister who makes it up as he goes along, the country that is paying the price. >> six questions, and not a single positive suggestion for how to get on top of the deficit that the right honorable gentleman left, not a single suggestion for how to deal with the massive welfare bills that we were left, and not suggestion for how to improve standards in our schools. but i do know what he has been doing over these last months, i do know what he has been doing, because i have been passed -- >> order. this answer must be heard. >> and it is a particularly interesting one, because i have here a copy of the rig
where is the argument on the deficit? he has got nothing to say about the deficit. where are his plans for getting the economy moving? he has got nothing to say. that is what is happening under his leadership, absolutely nothing apart from debt, debt, and more debt. >> ed miliband. >> mr. speaker, and hene. a government that is absolutely hopeless, and today's exchanges have shown it. a week out from the budget, they have an economic policy that is failing, a prime minister who...
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Mar 25, 2013
03/13
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we're still going to tack on 800 billion to a trillion dollars in new deficit for this year. you know, you look at paul ryan's budget, for example, ten years down the road, 41 1/2 trillion dollars in spending and that was supposed to be a victory, because the democrat's version was 46 1/2 trillion dollars, we're still outspending our means. still a broken system. d.c. really has to figure out how to get a balance, a balanced budget would be a win. stuart: in the short-term if i'm a trader, trading stocks, for example, i think this is a win for republicans and i think this is a win for me as an investor. stocks go uu. you say? >> well, i think you're conflating. and 20 years trading and what i told you last time and the last time and last time, i think that things are getting better in spite of president obama because if we continue to juice the system the way we are, we're adding 85 billion dolllrs to the treasury, ingratiating the banking system. i'll tell you this, ready for this? you have investors out there to watch the show and pick out stocks to buy, just buy u.s. banks
we're still going to tack on 800 billion to a trillion dollars in new deficit for this year. you know, you look at paul ryan's budget, for example, ten years down the road, 41 1/2 trillion dollars in spending and that was supposed to be a victory, because the democrat's version was 46 1/2 trillion dollars, we're still outspending our means. still a broken system. d.c. really has to figure out how to get a balance, a balanced budget would be a win. stuart: in the short-term if i'm a trader,...
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Mar 20, 2013
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deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and grandchildren. and i will not take that gamble with the future of this country, especially when those representations came from the very same people who have the previous gamble with our economy lead for the mess we're clearing up in the first place. [shouting] >> be deputy speaker, the spending reduction we promise have been more than delivered. welfare reform have been legislative are taking place. here is a clear sign of progress, the proportion of national income spent by the state has fallen from 47.4% three years ago to 43.6 percent today. and on course to reach 40.5% at the end of the period. we have set out a deficit plan and delivering that plan. and the measures i will announce today are fiscally neutral overall. ask the british people and they will tell you our problem with the country is that we tax too little but th
deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and grandchildren. and i will not take that gamble with the future of this country, especially when those representations came from the very same people who have the previous gamble with our economy lead for the mess we're clearing up in the first place. [shouting] >> be deputy speaker, the spending...
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Mar 26, 2013
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he is up against a $327 million budget deficit. you mentioned there 14 billion with a b the, 14 billion in long-term debt. >> we can do this. i will have participated in one of the greatest turnarounds in the history of this country. >> reporter: orr has the advantage of not being elected so he can afford to be unpopular. there are five other municipalities in michigan that are under emergency management right now. one of those emergency managers told me the city council and mayor may not like it but they have only themselves to blame. jamie? jamie: you know what, mike being unpopular is one thing. under siege is another. which is it for kevyn orr? >> dynamic is created where the mayor and city council really have only one option, to comply or oppose. for the most part they oppose because that's all they're empowered to do at this stage of the game. you look at the city budget and the prediction municipal jobs en masse, the unions, afscme in particular is responding with a lawsuit. >> whole thing was a sham for the state to come in
he is up against a $327 million budget deficit. you mentioned there 14 billion with a b the, 14 billion in long-term debt. >> we can do this. i will have participated in one of the greatest turnarounds in the history of this country. >> reporter: orr has the advantage of not being elected so he can afford to be unpopular. there are five other municipalities in michigan that are under emergency management right now. one of those emergency managers told me the city council and mayor...
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Mar 25, 2013
03/13
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the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined our own pivot. per re, indsmeesh that, vietnam, oman and turkey. tracy: what worries you the most right now? >> europe. i'm very concerned that cyprus is not by itself a big deal but they keep changing the rules of the game and the financial system is very precarious right now in europe. the u.s. is fine. and i'm just wondering how long can europe, we're in the third, they're in the third recession in five years, how long can they not grow? all the debt forgiveness in the world without economic growth will be a long-term problem. ashley: as
the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to...
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Mar 24, 2013
03/13
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paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time when not spending is extremely disruptive. if the government pulls back, it's destroying jobs and there's no way to offset that. ordinarily if a government spends less the federal reserve can cut interest rates, like we did at the end of the cold war, but we can't do that now because the interest rate fed controls are at zero. so we have no offset and conversely up to, if we increase spending right now it will create jobs and expand the economy. this is a really good time to be spending. won't always be like this. this is not the normal situation. normally we have an econo
paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time...
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Mar 24, 2013
03/13
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and what happens to the deficit and to paul krugman's theories then? i'll ask him. ♪ ♪ the new blackberry z10 with blackberry hub and flick typing. built to keep you moving. see it in action at blackberry.com/z10 today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [
and what happens to the deficit and to paul krugman's theories then? i'll ask him. ♪ ♪ the new blackberry z10 with blackberry hub and flick typing. built to keep you moving. see it in action at blackberry.com/z10 today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the...
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Mar 21, 2013
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managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this. you're not using smoke and mirrors. you're using a realistic baseline in order to do the deficit reduction. it's achievable. it's doable. it's credible. and you deal with tax expenditures. one more point about tax expenditures, senator coons, because you're exactly right. we have provisions in the spending programs of this country that invest in energy security, and that's subject to sequestration because it's an appropriation bill, but we have provisions in the tax code that gives special breaks to the oil and gas industry. these are expenditures. these are revenues that we're hemorrhaging. they
managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this....
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Mar 20, 2013
03/13
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 20, 2013
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when asked how our budget deficit should be reduced, a large majority, 65% of people said by cutting spending. when asked to choose between the budgets proposed by each party, most people pick the one more in line with the republican proposal. cutting spending and not raising taxes. but when asked when each party was trusted more, people say that they trust the democrats more. go figure. let's get an amp explanation from charlie hearst, economists at the washington times. so you have this. people seem to like the republican approach. they just don't like the republican label with it. why is that? >> i think a large degree, republicans have been snakepit. largely because of what we have seen over the last couple of years. republicans talking to the media, which is something the democrats have focused on more than anything else. including the ideas that republicans have gone four. voters are far more in line with those ideas. but i would actually argue that republicans least realize that there is a problem here and there is a real disconnect between washington and the rest of america.
when asked how our budget deficit should be reduced, a large majority, 65% of people said by cutting spending. when asked to choose between the budgets proposed by each party, most people pick the one more in line with the republican proposal. cutting spending and not raising taxes. but when asked when each party was trusted more, people say that they trust the democrats more. go figure. let's get an amp explanation from charlie hearst, economists at the washington times. so you have this....
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Mar 18, 2013
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make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your money is a step too far. of course, we need to do that. and on top of that we need to build towards the entitlement reforms which obviously are creating the huge dent down the road. i think it was disappointing to all of us to have the presiden
make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth...
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Mar 20, 2013
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our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's a stark difference to the majority's proposal which will not be implemented and they know it. let me start with an observation. headline blunt report says g.o.p. needs to regroup for 2016. in that there is this sentence from the report, not from a democrat, not from the newspaper, not from an editorial writer, quote, we have become expert, we being the republican party report, we have become expert in how to provide ideological reinforcement to like-minded people. with all due respect to my friend, mr. ryan, that's what his budget is. it is a vision. it is a vision that will
our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's...
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Mar 19, 2013
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 21, 2013
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are we getting our deficits and debts down? if you had to confirm yesterday, growth and the deficits have stalled. we are on a long, hard road to nowhere here in britain. >> so is everybody in the world, on a long, hard road particularly in developed countries. we saw pmi in eurozone suggesting six quarter hers of negative consecutive growth. and it's the trade rather than government spending or consumption, it's lack of trade overseas that's dragged the economy down. >> well, the forecast yesterday made clear that the fiscal tightening here in britain had reduced growth markedly. clearly, the situation is tough for us, as well.. why is it of the g-20 largest economies, only italy and japan have done worse than britain in the last two years? we weren't in the eurozone. the chancellor had the destiny of our country in his hands and he said this plan would work and it hasn't. the international monetary fund have been saying for the last year and a half the chancellor slowed the deficit pace of reduction, a temporary tax cut, brin
are we getting our deficits and debts down? if you had to confirm yesterday, growth and the deficits have stalled. we are on a long, hard road to nowhere here in britain. >> so is everybody in the world, on a long, hard road particularly in developed countries. we saw pmi in eurozone suggesting six quarter hers of negative consecutive growth. and it's the trade rather than government spending or consumption, it's lack of trade overseas that's dragged the economy down. >> well, the...
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Mar 21, 2013
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when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of this country is disappearing, and we have 46 million people living in poverty. so common morality, basic morality says who do you ask most significant throeu help with deficit reduction? do you tell annoyed worker who is trug -- do you tell an unkphroeud -- do you tell an unemployed worker we're going to balance the budget on your back or do you say to a huge profitable corporation that in some cases is paying nothing in taxes, we're going to ask you to help us with deficit reduction? mr. president, it is important for us to do what we do too rarely on the floor of the senate: take a hard look
when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of...
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Mar 21, 2013
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he was asked about concerns that it may be scene as fiscal deficits. he denied that saying buying government bonds from the market is one of the central bank's monetary measures. >>> japanese business leaders are hoping he will take bold measures to reenergize the sluggish economy. >> translator: our business has been so tough over the past 20 years due to prolonged deflation. consumers are reluctant to spend money when prices keep falling from one day to the next. i hope the boj will work closely with the government and take bold monetary easing steps to bring deflation to an end as soon as possible. >> translator: we have high expectations for the boj under kurodo's leadership. kurodo and his deputies have abundant experience both at home and abroad. they will make a great team to guide the economy. >>> we spoke to bill devinny. >> kuroda was actually quite clear that he wants to expand asset purchases, he wants to buy longer dated bonds and also to increase the scale of asset purchases. and we think he is going to be quite aggressive in pursuing the
he was asked about concerns that it may be scene as fiscal deficits. he denied that saying buying government bonds from the market is one of the central bank's monetary measures. >>> japanese business leaders are hoping he will take bold measures to reenergize the sluggish economy. >> translator: our business has been so tough over the past 20 years due to prolonged deflation. consumers are reluctant to spend money when prices keep falling from one day to the next. i hope the boj...
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Mar 18, 2013
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 21, 2013
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miami overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>> president obama, by the way, he filled out his ncaa brackets. and he predicted that number one louisville will make it to final four. he also chose ohio state, florida and indiana to win it all. >>> nfl chicago bears could not agree on a new contract for eight time pro bowl linebacker brian urlacher so he becomes a free agent after 13 years. and ed reed left the super bowl champ baltimore ravens after 11 seasons and signed with the houston texans. >>> tiger woods says he and lindsay vonn went public about their relationship so the paparazzi couldn't make as much money from pictures they t
miami overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>>...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Mar 20, 2013
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our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000 vehicles to fix transmissions. recall affects 2013 buick lacrosse and cadillac srx crossover models. >>> u.s. crude oil production set to pass imports for the first time in 18 years. the gap between monthly oil production and imports is projected to be nearly two million barrels per day by 2014. >>> neiman marcus settles with the federal trade commission after claiming its products were made with faux fur when they contained real fur. it prohibits the retailer from violating those laws for 20 years. >>> total number of mortgage applications subpoena applied for in the u.s.
our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000...
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Mar 21, 2013
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we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the deficit since the immobilization after world war ii, it is an inhibiting growth and the economy. i will vote against the sequester. i think we have done what we need to do with debt. we have the deficit down to a managing level. it will continue to come down. the caucus budget will bring it down further. right now, our crisis is jobs. we still have an eight -- we still have a 8% unemployment rate. if we got the people back to work, and our budget will create amillion jobs, if you have five percent unemployment rate by doing nothi
we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the...
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Mar 19, 2013
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reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in our debt course, that does not create quote but simply borrows more. i thank -- i see my colleague, the democratic whip, i will call him, and would appreciate the opportunity to share these remarks and would yield the floor. mr. durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: i thank my friend from alabama for yielding. i have 13 unanimous consent requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. i ask unanimous consent these requests be ag
reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in...
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Mar 26, 2013
03/13
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he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or may as china attempts to curb pollution. byd is backed backed by billionaire warren buffett. new york city mayor michael bloomberg is planning a $12- million tv ad blitz to push for new gun legislation. the specific audience bloomberg wants to reach are senators in 13 states in advance of an upcoming vote on gun reform legislation. he cites national polls that show a vast majority of americans want new legislation. he spoke at an event recently along with vice president joe biden. "if congress does nothing, another 12,000 people will be murdered with guns this year alone
he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or...
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. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you believe that? >> beat his old team, the cleveland cavaliers 98-95. a triple-double. 12 boards, 10 assists. the heat are now within nine games of the nba record for consecutive wins held by the '71-'72 los angeles lakers. >> do you think they'll do it? >> no. they almost blew it against the celtics, almost blew it against the cavs. they are the best team i've seen in years. i don't think they should ever lose necessarily but that's a lot of games to win in a row. >> i can't believe they were down that much and came back. >> i can't believe you can do that every night. >> i think they're doing it on purpose. >>> recovered
. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you...
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Mar 20, 2013
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it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who are struggling by substantially lowering taxes for the most fortunate and that's not spend, that's just plain math -- spin, that's just plain math. the vision this budget offers of america is tuth totally at odds -- is totally at odds with who we claim to be. it's a vision of the country where the government is indifferent to the suffering of many while only paying attention to the demands of a few. then there is the other plan that is before us, the democratic plan. with a balanced set of priorities, a better vision for the future, found in the bud
it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who...
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Mar 19, 2013
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deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that might be going away. at the same time, china surplus will suffer from the tracing of independence of china. >> that's strong dollar weak yuan. becky. >> just an observation. >> first, tight oil, i haven't heard of this before. i know where the marcellus shale fields are. where is tight oil? is it in the same sort of locations? >> same. traditionally, coming out of gas yields because of this huge different between gas and oil prices. which went up from almost zero to more than a million barrels per day now within five years time. >> does cyprus have any oil?
deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that...
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point cushion midway through the opening quarter but the home side strictly for the back cutting the deficit to a single point and then the second team could build on their advantage heading into the main intermission with a comfortable forty nine thirty seven scoreline in iraq to refuse to give up and almost managed to pull level but the home side woke up things to bad that a corporation that failed on guard came off the bench to sink a season high twenty three points to be named the most elegant play of the week for the first time to dad like many minutes and you know i i had i made some shots and then are they good game and their fire you know i said the most important thing was that we want a game and now they've got two in foreign games left and we just try to win with two matches to go next week could prove crucial for the russian teams says co-host eighteen year old the champions real madrid in a clash to decide who wins. the group and home court advantage while he and q. are one of five teams battling it out for free tickets to the playoffs and take on spanish side the hollow barrage
point cushion midway through the opening quarter but the home side strictly for the back cutting the deficit to a single point and then the second team could build on their advantage heading into the main intermission with a comfortable forty nine thirty seven scoreline in iraq to refuse to give up and almost managed to pull level but the home side woke up things to bad that a corporation that failed on guard came off the bench to sink a season high twenty three points to be named the most...
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Mar 19, 2013
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guest: debt and deficit. i voted against the solution for the fiscal cliff because the headlines would say the fiscal cliff is avoided, and there were three elements. we did not avoid any of them. we raise taxes on every american. we put sequestration down the road and we did zero on deficit problems. we are facing total economic chaos if we are not careful. host: republican caller. pennsylvania. caller: in response to the fiscal cliff, i find him very -- i do not know, i do not believe what he is saying. he is talking about a fiscal cliff, but you want us to accept the people here illegally and give them something they have not earned. i do not understand what republicans are doing. i am a conservative. i do not want amnesty. i do not want them here. host: you might have missed what the congressman said earlier. i will let him respond. guest: what she is saying is she does not want amnesty, and under president bush he had a strong amnesty plan and i said i would not back it. total amnesty like the one presid
guest: debt and deficit. i voted against the solution for the fiscal cliff because the headlines would say the fiscal cliff is avoided, and there were three elements. we did not avoid any of them. we raise taxes on every american. we put sequestration down the road and we did zero on deficit problems. we are facing total economic chaos if we are not careful. host: republican caller. pennsylvania. caller: in response to the fiscal cliff, i find him very -- i do not know, i do not believe what he...
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Mar 26, 2013
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you have to go down to third, deficit and debt, and that's only 33%. so the deficit/debt thing, i think you're losing ground on that. and here's another one. i want you to hear this. only 6% of those polled want to cut medicare. and yet you've got a house budget that wants to slam medicare. i know entitlement reforms are necessary. maybe small ones. but people do not want to see that program depart. you all are running against the tide, even of the numbers of major republican pollster like john mclaughlin. >> my point has been in order to fix this presidential fix we have in our party we have to do a couple things. we have to do more than just, as you say, bean count and put on the green eye shade. i agree with you. we also have to get to the issues that get to people's hearts. certainly health care. school choice. charter schools. i mean, one of the reasons why i think the bushes have done so well in hispanic communities, and minority communities is that -- they are rightfully -- >> they go there! >> they're obsessed -- they go there. >> jack kemp wen
you have to go down to third, deficit and debt, and that's only 33%. so the deficit/debt thing, i think you're losing ground on that. and here's another one. i want you to hear this. only 6% of those polled want to cut medicare. and yet you've got a house budget that wants to slam medicare. i know entitlement reforms are necessary. maybe small ones. but people do not want to see that program depart. you all are running against the tide, even of the numbers of major republican pollster like john...
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Mar 20, 2013
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yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a direct reflection of who we are as americans. we need to start talking about his in a bipartisan way. need to shelf the idea of dismantling medicare and strengthening medicare, making it more secure so it is there not only for today's seniors, but it is there for the generation. that it is there for our children and grandchildren. it is a system that works extremely well. yes, we have to talk about the costs of health care. we have to address the costs of health care. but medicare isn't the problem. medicare works extremely well. ask any senio
yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a...
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Mar 19, 2013
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too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets here are a little lower, not all that much, though, given what we've had in headline risk this morning. dow jones industrial is down 38 points and s&p is off about 9. bob pisani is here to tell us what is going on. there's a lot of headline risk in the market today. >> and we're back moving on europe now. >> exactly. given 38 to the downside is not that bad. >> even europe is not reacting that much. let me show you the euro. everyone goes crazy talking about the euro. perhaps the finance minister may be resigning, we're trying to confirm that for sure. that's what we've been hearing. and on words that the govern
too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets...
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Mar 22, 2013
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you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the sequester, i can understand making some changes to the sequester with regard to the management of the subaccounts particular in the defense department but you're not doing that. you're spending most of that money. associated press reports often years there may be a couple hundred billion dollars of spending cuts but the sequester was 1.2 trillion. you are in effect raising spending and raises taxes are you not? >> the budget closes a lot of corporate loopholes where we've been paying for people who go overseas and create jobs rather than paying to create jobs here at home. i don't think that's what we ought to
you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the...
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Mar 21, 2013
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to balance the budget because the president and treasury secretary were worried about the long term deficit? does that sound familiar? at the exact same time, the fed tightened rates, doing what all the bears say bernanke should do, betting that inflation could rage and rage easily if the fed stayed easy, which is what his critics are saying he should do right now. but when we went down this road in 1937 it sent the economy into an amazing tail spin. causing a recession within a depression. it was an economic calamity that was totally avoidable if the people in power made different, smarter choices. especially the federal reserve. ben bernanke does not want history to repeat itself. he's not going down the path of what the fed did in 1937. he's not stupid. even though that's exactly the path unfortunately that the president and congress are taking. bernanke recognizes that obama and congress have repeated the errors of 1937 down to a tee. he can't let the fed's part in the drama be repeated. otherwise he'd go down as the fed chief who never got the economy going and put it back in a recessi
to balance the budget because the president and treasury secretary were worried about the long term deficit? does that sound familiar? at the exact same time, the fed tightened rates, doing what all the bears say bernanke should do, betting that inflation could rage and rage easily if the fed stayed easy, which is what his critics are saying he should do right now. but when we went down this road in 1937 it sent the economy into an amazing tail spin. causing a recession within a depression. it...
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Mar 21, 2013
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a homecoming in cleveland for lebron james who had a triple-double as miami overcame a 27 point deficit and the heat squeaked by the cavs 98-95 and in the process upped their 24th straight win. >>> in the first round of the ncaa tournament, two number 16 seeds and james madison university beat liu brooklyn 68-55 to advance to the second round which starts tomorrow with 16 games. they'll play top seed indiana friday. >>> and then two number 13 seeds, will he sal debeated boise state. they advance to face kansas state. >>> president obama filled out his ncaa brackets. he predicted number one seed louisville will make it to the final fourment he also chose ohio state, florida gators and indiana, his choice to win it all, indiana. >>> indiana and the chicago bears could not agree on the new contract for brian urlacher so he becomes a free agent after 13 years and nine time pro bowl safety ed reed left the baltimore ravens after 11 seasons and signed with the houston texans. >>> golfer tiger woods says he and lindsey vaughn went public with their relationship so that paparazzi couldn't make
a homecoming in cleveland for lebron james who had a triple-double as miami overcame a 27 point deficit and the heat squeaked by the cavs 98-95 and in the process upped their 24th straight win. >>> in the first round of the ncaa tournament, two number 16 seeds and james madison university beat liu brooklyn 68-55 to advance to the second round which starts tomorrow with 16 games. they'll play top seed indiana friday. >>> and then two number 13 seeds, will he sal debeated boise...